Hi community,I'm planning to house hack in Richmond or Fredericksburg/Spotsylvania and am considering renting by the room using short-term, mid-term, or long-term strategies.

My goal is to buy the house, terminate the section 8 lease as soon as possible (at the lease term, to avoid eviction process), and search myself for other better tenants.

Should I discuss some bullet points and do a small contract between me and the buyer or is there a standard contract for such that we can agree up on terms prior to handing the deposit to the title company?

I have a feeling, and I could be wrong, that Loan Originators have a good sense of whether you'll be approved for a mortgage loan or refinance.

Many of them make big promises, then provide very little actionable advice.Second, what you are hearing about is referred to as "arbitrage" where you rent a property as a long-term rental for a set price, then you furnish it and try to rent it on AirBnB for a profit.

If they are good, they should be absolutely definitive on rate, terms, costs, etc.

My partner and I are eager to embark on our first real estate venture by acquiring a long-term rental apartment in downtown Chicago.

Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

Most people just use the term but there is association management, apartment/ Multi-family management and then property management.For instance, in Florida, you need a license to practice Association Management (in most cases) and a real estate license to practice property management (in most cases). 

In this case, rates don't matter as much as lower closing costs, since it would be short-term.